Coinbase is expanding its digital asset offerings with the launch of Telegram-linked cryptocurrentyToncoin (TON), signaling a growing focus on emerging blockchain ecosystems. TON-USD trading opened on November 18, 2025, at 9:00 a.m. Pacific Time.

Toncoin Arrives on Coinbase Platform

Toncoin is now accessible on coinbase․com and the Coinbase app, allowing users to buy, sell, convert, send, receive, or store the asset. Initially, TON-USD trading will enter limit-only mode on Coinbase Exchange and Coinbase Advanced. During this stage, users can place and cancel limit orders, but market orders will not be accepted.

Following the limit-only phase, TON-USD will transition into an auction mode. During the auction, customers can post limit orders and view an indicative opening price. No trades will occur during this phase, which will last at least 10 minutes. Once the auction concludes, crossed orders will match at the determined opening price, establishing the first official market price.

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Coinbase Ventures Supports Toncoin’s Telegram

Coinbase Ventures has made a strategic move by investing directly in Toncoin, joining an expanding roster of prominent holders. The TON Foundation confirmed the investment, emphasizing the alignment with TON’s goal to integrate cryptocurrency into Telegram’s billion-user ecosystem.

This direct acquisition approach mirrors similar strategies by venture firms like Sequoia, Benchmark, and Ribbit, which also opted to hold Toncoin rather than company shares.

The investment is seen as a major step toward broadening Toncoin adoption and furthering Telegram-driven blockchain growth, positioning TON as a key player in connecting mainstream messaging platforms with cryptocurrency.

Source: Finance Magnates